Specialist Articles
December 5, 2019

Safety First: Why we verify your ID

Nicolas Cole

At Moonfare, all of our customers need to verify their ID before making an investment. This helps establish a sense of mutual trust as well as ensure the safety of your investments. We are in complete compliance with the European GDPR privacy regulations and your identity will remain secure and strictly confidential at all times.

As a regulated financial service provider, we must comply with two important laws regarding ID verification. The first is called the KYC (know your customer) policy. KYC is the process of a business verifying the identity of its clients and customers.

AML (anti-money laundering) policies seek to prevent criminals from passing money obtained illegally off as legitimate income. Whilst KYC focuses on verifying identification, AML more broadly prevents and combats money laundering, fraud and other financial crimes.  

Your identity will be verified by the provider IDnow, an industry leader in identity verification, within minutes. This easy and secure process involves a short video call with one of IDnow’s highly specialised identification agents. To complete this process, you will need:

  • Your passport or other national ID card
  • A reliable Internet connection
  • A relatively quiet location with good lighting

Once your identification verification process has been successfully completed, you can sign all relevant documents online. Now you’re ready to start investing–after only 10 to 15 minutes!

Nicolas Cole

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